« Top Headlines » Open DEMAT Account in 24 hrs  ITR filing deadline extension now demanded by this Tax Bar Association due to many issues including technical glitches with ITR portal  GST Rule Changes for FY 2025 26  Income tax return filing 2025: Five ITR mistakes that can trigger an income tax notice in 2025  ITR filing What is updated income tax return and ITR U Who can file & what you can t change - top points to know  Shifted to new tax regime? Here are 5 investments you shouldn't drop  Auditing and Assurance Standards Board Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects. «  CIT appeal dismissed... RBI modifies fund transfer system... » SC decides determinant for excise duty exemption March, 25th 2008 Manufacturers of shampoo, hair dye, lip smoothers and such other products sold in pouches get excise exemption if the weight of each pouch is less than 10 gm, though the whole carton containing the pouches may weigh more, according to the Supreme Court.   In its judgment, Commissioner of Central Excise vs Kraftech Products Inc, a number of cosmetic firms had challenged the demand of duty and imposition of penalty on them for not paying the levy fully, claiming exemption under Rule 34 of the Standards of Weights & Measures (Packaged Commodities) Rules.   The Excise Appellate Tribunals in Mumbai and Delhi had accepted the contention of the manufacturers. The Commissioner appealed arguing that the exemption was not available where several units are packaged together.   Dismissing the appeals, the Supreme Court said: When a lip smoother or a shampoo is packed in a carton keeping in view the quantity contained therein, the same cannot be said to be for retail sale. No person would ordinarily purchase for ones own use 72 lip smoothers or 500 pieces of shampoo. Thus, it is not a case where the goods are being sold in multi-piece package. Each sachet must be sold as a unit.